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Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Riverside Manufacturing Company. Missing data are indicated by question
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Riverside Manufacturing Company. Missing data are indicated by question marks.
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Riverside Manufacturing Company. Missing data are indicated by question marks. A B C Materials: Beginning inventory $ 364 $ 1,148 $ 770 Purchases ? 4,900 3,500 Ending inventory 518 700 ? Total material used 2,310 ? 3,080 Direct labor 4,060 6,720 5,600 Manufacturing overhead: Indirect material 672 ? 840 Indirect labor 1,120 1,050 2,450 Other ? 1,400 2,380 Total manufacturing overhead 3,640 3,360 Work in process inventories: Beginning ? 630 1,820 Ending 490 ? 700 Finished goods inventories: Beginning ? 2,800 560 Ending 2,345 840 2,310 Cost of goods manufactured 9,688 ? ? Cost of goods sold 9,373 16,268Schedule of Cost of Goods Manufactured and Sold A B C Direct Material: Beginning materials inventory $ 364 $ 1,148 $ 770 Cost of materials purchased Cost of material available Less: Ending materials inventory Total material used Less: Indirect material used Direct material used Direct labor 4,060 6,720 5,600 Manufacturing overhead: Indirect material Indirect labor Other manufacturing overhead Total manufacturing overhead Total manufacturing costs Add: Beginning work in process inventory Total cost of work in process Less: Ending work in process inventory Cost of goods manufactured Add: Beginning finished goods inventory Cost of goods available Less: Ending finished goods inventory Cost of goods sold $Step by Step Solution
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